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We present the 2024 Milesopedia Ranking of the Best Credit Cards in Canada.
You can find our methodology here.
For this 2024 edition, we have divided the credit cards into 4 main categories:
Below, find a summary of the rankings awarded to various credit cards in Canada. And further down, you’ll find the detailed ranking.
The Best Credit Cards in 2024 for everyday life:
The Best Credit Cards in 2024 for travel:
The Best Credit Cards in 2024 by customer profile:
The best credit cards in 2024 according to Milesopedia network statistics (Milesopedia.com and partners):
In 2023-2024, the economic context has profoundly changed consumer habits. In an inflationary environment, Canadians are looking for products that can help them save money on expenses such as groceries, gas, recurring bills or drugstore purchases.
The credit cards below have all distinguished themselves in 2023 in their respective categories by offering their cardholders more than their competitors. These are the ones we have selected as the best credit cards in Canada for 2024 for everyday life.
The CIBC Dividend® Visa Infinite* Card is the best cash back credit card in 2024 in Canada for these reasons:
Here are 3 other credit card choices in this category:
The Tangerine® Money-Back World Mastercard®* is the best no-annual-fee cash back credit card in Canada in 2024 for the following reasons:
The MBNA World EliteMD Rewards MastercardMD is the best credit card for everyday spending in Canada in 2024 for these reasons:
The RBC ION Visa Card is the best no-annual-fee credit card for everyday spending in 2024 in Canada for these reasons:
The Scotiabank Gold American Express® Card is the best credit card for groceries in 2024 in Canada for these reasons:
The BMO eclipse Visa Infinite* Card is the best gas and transportation credit card in Canada in 2024 for these reasons:
The American Express® Gold Rewards Card is the best credit card for drugstores in 2024 in Canada for these reasons:
The Scotiabank Momentum® Visa Infinite* Card is the best credit card for recurring payments in 2024 in Canada for these reasons:
The American Express Cobalt® Card is the best credit card for restaurants in 2024 in Canada for these reasons:
The CIBC Select Visa* Card is the best credit card for balance transfers in 2024 in Canada:
The Scotia Value Card is the best low-interest credit card in Canada in 2024 for these reasons:
The KOHO Extra Mastercard Prepaid Card is the best prepaid credit card in 2024 in Canada for these reasons:
Here are 2 other credit card choices in this category:
Since 2022, after two years of the pandemic, Canadians have been looking forward to getting away from it all: travel has resumed in earnest. But here too, the context has changed: we’ve noticed that travellers are looking for greater comfort, insurance and savings.
Credit cards offering airport lounge access, travel credits for enhanced comfort, insurance coverage for unforeseen events, or no foreign transaction fees have stood out in this ranking.
Since 2022, we have seen unprecedented welcome offers to equip travelers with payment solutions! Here are the best travel rewards credit cards in Canada for 2024.
The National Bank World Elite Mastercard is the best credit card for travel in 2024 in Canada for these reasons:
The RBC Avion Visa Infinite Card is the best credit card for flexible travel rewards in 2024 in Canada for these reasons:
The TD First Class Travel® Visa Infinite* Card is the best credit card for travel rewards in 2024 in Canada for these reasons:
The Scotiabank Passport Visa Infinite + Card is the best no-conversion-fee credit card in 2024 in Canada for these reasons:
The National Bank World Elite Mastercard is the best credit card for travel insurance in 2024 in Canada for these reasons:
The American Express® Green Card is the best credit card for travel with no annual fee in 2024 in Canada for these reasons:
The Marriott Bonvoy® American Express®* Card is the best credit card for hotels in 2024 in Canada for these reasons:
The American Express Platinum Card® is the best premium credit card in 2024 in Canada for these reasons:
The American Express® Aeroplan®* Reserve Card is the best credit card for frequent travelers in 2024 in Canada for these reasons:
Every consumer profile is different, and evolves from year to year as needs change.
This year, thanks to the feedback we’ve received from members of the Milesopedia community, we’ve decided to refine our ranking to better suit each type of profile.
For example:
This ranking also lists the best cards for entrepreneurs.
Here are the best credit cards in Canada for 2024 by customer profile.
The CIBC Dividend® Visa* Card for Students is the best credit card for students in 2024 in Canada for these reasons:
The National Bank Platinum Mastercard is the best credit card for young professionals in 2024 in Canada for these reasons:
The KOHO Mastercard Prepaid Card is the best card for newcomers in 2024 in Canada for these reasons:
The Business Platinum Card® from American Express is the best credit card for businesses in 2024 in Canada for these reasons:
Milesopedia has significant monthly traffic both on its website (Milesopedia.com) and on its subdomains, which are used by our affiliate partners through our white-label credit card comparison tool. Thanks to this highly qualified traffic – since we’re talking about consumers looking for a financial product – we’re able to determine which credit cards are the most frequently consulted and, ultimately, the most subscribed to throughout our “Milesopedia network”.
We have decided to divide this part of the ranking based on the 3 main rewards programs in Canada and the 3 main credit card networks.
Here is the ranking of the best credit cards in Canada for 2024 according to the Milesopedia network (Milesopedia.com and affiliate partners).
The TD® Aeroplan® Visa Infinite* Card is the best Aeroplan credit card in 2024 in Canada for these reasons:
The Scotiabank Gold American Express® Card is the best Scene+ credit card in 2024 in Canada for these reasons:
The BMO AIR MILES World Elite Mastercard is the best AIR MILES credit card in 2024 in Canada for these reasons:
The American Express Cobalt® Card is the best American Express credit card in 2024 in Canada for these reasons:
The National Bank World Elite Mastercard is the best Mastercard credit card in 2024 in Canada for these reasons:
The CIBC Aventura® Visa Infinite* Card is the Best Visa credit card in 2024 in Canada for these reasons:
Since 2015, on Milesopedia, we’ve been analyzing nearly 200 credit cards available to Canadians. You can find them in our credit card comparison tool. This comparison tool has been taken over by Protégez-Vous, confirming the credibility of our data.
In addition to our studies, we are also credit card users: we have – or have had – most of these credit cards in our wallets. This allows us to confirm or deny theoretical information through practice. Finally, we analyze the feedback from tens of thousands of credit card holders who share their experiences within the Milesopedia Community about each of these products.
Every month, we update our rankings of the best credit card offers, so that Canadians can find the best credit card deal for their needs.
A credit card offer may be excellent at some times of the year, but less so at others: That’s why it’s essential to stay updated on current offers – especially via our weekly newsletter.
On this page, we will not talk about offers but rather an evaluation based on the overall characteristics of each credit card. Several factors are thus considered to choose the best credit card in 2024 in Canada by category such as:
Savings this way:
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